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Saudi Arabia Awards Contracts Worth $5.6 Bln in Q1 - ASHARQ AL-AWSAT English Archive
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RIYADH, (Reuters) – Saudi Arabia awarded contracts worth 20.9 billion riyals ($5.57 billion) for various development projects in the first quarter, state news agency SPA said on Saturday.

The largest chunk, worth 15.7 billion riyals, went to construction projects such as building roads, schools or hospitals, SPA cited the finance ministry as saying.

The world’s largest oil exporter plans to spend more than $400 billion until 2013 to upgrade its infrastructure.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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